Solgold (OTCMKTS:SLGGF) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Solgold PLC (OTCMKTS:SLGGFGet Free Report) saw an uptick in trading volume on Monday . 313,839 shares changed hands during mid-day trading, an increase of 148% from the previous session’s volume of 126,294 shares.The stock last traded at $0.34 and had previously closed at $0.3120.

Solgold Trading Up 1.5%

The firm has a market capitalization of $1.04 billion, a P/E ratio of -34.50 and a beta of 1.21. The stock has a 50-day simple moving average of $0.29 and a two-hundred day simple moving average of $0.20. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.06.

Solgold (OTCMKTS:SLGGFGet Free Report) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter.

Solgold Company Profile

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SolGold plc is a mineral exploration and development company focused on the discovery and advancement of large-scale copper-gold porphyry deposits. Headquartered in Brisbane, Australia, SolGold’s core business is the exploration, resource definition and pre-development planning of its flagship Cascabel project in northern Ecuador. The company’s activities span geological surveying, deep-drilling campaigns and detailed metallurgical studies aimed at de-risking and optimising its deposits for future production.

The centerpiece of SolGold’s portfolio is the Alpala deposit within the Cascabel concession, where systematic drill programmes have delineated a substantial copper-gold resource.

Further Reading

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